Kathmandu, September 5

Gold price declined by Rs 300, however, silver price went up by Rs 10 per tola over the week between August 30 and September 4.

Gold price has declined for two consecutive weeks after a regular two-week gain in the bullion market following the devaluation of the Chinese yuan on August 11. The market opened on Sunday with gold price fixed at Rs 50,700 per tola. Bullion price edged up by Rs 150 a tola on Monday to be fixed at Rs 50,850 a tola.

The price of the precious yellow metal further went up by Rs 205 per tola to be traded at Rs 51,055 a tola on Tuesday. On Wednesday, gold price declined by Rs 255 per tola to be fixed at Rs 50,800 a tola and continued its free fall till Friday. The precious yellow metal, on Thursday slumped by Rs 250 per tola to be fixed at Rs 50,550 a tola.

Gold price tumbled by Rs 150 on Friday to close the week’s trading at Rs 50,400 per tola. On the other hand, price of silver increased by Rs 10 per tola in the six trading days of the week. Silver was traded at Rs 675 per tola on Sunday — the first trading day of the week. The price of the white metal edged up by five rupees a tola on Monday to be fixed at Rs 680 per tola and remained unchanged till Tuesday.

The price of silver dropped by five rupees per tola on Wednesday to be traded at Rs 675 a tola and remained unchanged till Thursday. The white metal recovered some of the earlier loss on Friday by edging up Rs 10 per tola to settle at Rs 685 per tola.